Colliers International Completes $34.9 Million Sale of Midtown On Main Apartments in Mesa

Colliers International in Greater Phoenix recently completed the sale of the 472-unit Midtown on Main Apartments, a transit-oriented, Class B complex in Mesa for $34.95 million, or $74,047 per unit. Houston-based Domain Acquisitions LLC in partnership with BH Equities LLC of Des Moines (DFA/BH Midtown LLC of Houston, Texas) purchased the complex, located at 2121…

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Daum Negotiates $1.08 Million Sale of Industrial Building in Tempe

Daum Commercial Real Estate Services has negotiated the $1.08 million sale of a 14,000-square-foot, single-tenant industrial building located at 1203 W. Geneva Drive in Tempe. Carl Johnson with Daum Phoenix represented the seller, Four Js Investment Group of Burbank, Calif. The buyer, Second Letter Holdings LLC of Scottsdale was represented by Tom Tornabene of Tornabene…

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CUSHMAN & WAKEFIELD COMPLETES $2.8 MILLION SALE OF PHOENIX APARTMENT BUILDING

Cushman & Wakefield of Arizona, Inc. completed the $2,825,000 million sale of the Charter Palms Apartments, 1220 N. 44th St. The complex was constructed in 1974 and contains 74 apartment units totaling 60,400 square feet ($46.77 PSF). The property, which includes five buildings, is 69 percent occupied. Plaza de Vista, LLC of Tempe purchased the…

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ARIZONA CHAPTER OF CORENET GLOBAL TO PRESENT JANUARY PROGRAM: THE ROLE OF THE PROJECT MANAGER

How do project managers create value for their corporate real estate clients? That and other questions will be discussed at the January lunch sponsored by the Arizona chapter of CoreNet Global. “The Role of the Project Manager” will be moderated by Sunil Das, Vice President Global Real Estate and Facilities, Altisource Portfolio. Panelists include Susan…

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Colliers International Completes $9.66 Million Sale of Indian Wells Apartments in Apache Junction

Colliers International in Greater Phoenix recently completed the sale of Indian Wells, a 176-unit Class B multifamily complex in Apache Junction, for $9.66 million, or $54,886 per unit, which is $54.88 per square foot. Sonoma Valley LLC of Scottsdale purchased the property, at 975 South Royal Palm Road, from CSFB 2004-C5 Apache Apartments, LLC a…

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ViaWest Group Acquires Industrial Asset for $4.55MM, Seeks New Acquisitions

ViaWest Group is pleased to announce a new addition to its expanding portfolio, with the recent successful acquisition of two multi-tenant, industrial buildings collectively referred to as “Tiger Industrial Center”. Located at 4901 & 4929 W. Van Buren, the complex is comprised of 103,064 SF. Sold on December 30, 2014, Phoenixbased ViaWest Group paid $4.55MM…

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Whitestone REIT Announces Strategic Acquisitions of Two Value-Add Highly Visible Hard Corners at Two Existing Phoenix Properties

Whitestone REIT (NYSE:WSR) (“Whitestone”), announced today that it has completed two strategic acquisitions of hard corners at its Village Square at Dana Park and Fulton Ranch-Towne Center Properties in the Phoenix market. Prior to purchase, the hard corners adjoining Whitestone’s Village Square at Dana Park and Fulton Ranch-Towne Center, which were acquired in 2012 and…

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Weingarten Purchases Scottsdale Horizon Shopping Center

DTZ, a global leader in commercial real estate services, today announced today that a Dallas based private real estate fund advised by Crow Holdings Capital – Real Estate (CHC–Real Estate) sold Scottsdale Horizon Shopping Center, a 154,766 square foot neighborhood shopping center located at 14850 N. Frank Lloyd Wright Boulevard in Scottsdale, AZ. Weingarten Nostat,…

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John Jackson and Larry Miller Promoted to Associate Vice President at Velocity Retail

Velocity Retail Group, LLC announces that retail brokers John Jackson and Larry Miller, Jr. have been promoted to Associate Vice President. “Both John and Larry are known for providing their clients with excellent service and superior real estate expertise,” said Greg Coxon, Chief Administrative Officer at Velocity. “They are an integral part of the team…

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CUSHMAN & WAKEFIELD COMPLETES ACQUISITION OF MASSEY KNAKAL

Cushman & Wakefield, the global real estate services firm, announced today the successful completion of its acquisition of Massey Knakal Realty Services, New York’s No. 1 Investment Sales firm (based on number of transactions) for more than a decade. The acquisition significantly enhances Cushman & Wakefield’s Capital Markets presence in the New York Tri-State region.…

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Lincoln Property Co.’s Megan Watkins Appointed BOMA-Phoenix President

Lincoln Property Company (LPC) proudly announces the appointment of Senior Property Manager Megan Watkins as 2015 President of the Building Owners and Managers Association (BOMA)–Greater Phoenix. With 315 current members, BOMA-Greater Phoenix serves as one of the Valley’s leading organizations providing education and advocacy for the commercial real estate industry. Watkins joined BOMA-Greater Phoenix in…

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CBRE Completes $6 Million Sale of CVS Pharmacy in Peoria, Ariz.

CBRE has completed the sale of a single-tenant, triple-net leased CVS Pharmacy located at 8332 West Thunderbird Road in Peoria, Ariz. The 13,813-square-foot retail property is situated on approximately 79,201 square feet of land. The property commanded a sale price of $6 million, or $434.37 per square foot. Joseph Compagno, Andrew Fosberg and Molly Busch…

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